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Intel launches new Bitcoin mining chip Blockscale

On Monday, semiconductor manufacturing titan Intel unveiled its new Bitcoin (BTC) mining chip, Blockscale. The application-specific integrated circuit, or ASIC, hardware is designed to operate on proof-of-work blockchains using SHA-256 encryption.To get more latest news on intel, you can visit shine news official website.

As told by Intel, Blockscale will have a hash rate of up to 580 gigahash per second (or 0.58 terahash per second, TH/s), consuming between 4.8 to 22.7 watts of power, and having an energy efficiency of up to 26 joules per terahash (J/TH). Each chip can be combined and merged into a single mining unit, increasing its output with a maximum of 256 integrated circuits per chain.
In comparison, Bitmain's Antminer S19 Pro, one of the leading Bitcoin mining machines on the market, has a hash rate of 110 TH/s, consumes 3,250 watts of power, and possesses an energy efficiency of 30 J/TH. Theoretically, a mining unit composed of 256 Blockscale chips would have a total hash rate of 148.5 TH/s and consume between 1,228 to 5,811 watts of power at around the same energy efficiency.

Intel says it will start shipping Blockscale during the third quarter of 2022. Argo Blockchain, Block, Hive Blockchain Technologies and GRIID Infrastructure will be among the first companies to develop new systems based on the firm's ASIC. Regarding the development, Jose Rios, general manager of blockchain and business solutions in the accelerated computing systems and graphics group at Intel, commented:
This comes a month after Intel announced it will stop shipments to customers in Russia and Belarus.The exodus has been in response to Ukraine’s request to cloud computing and software companies to completely stop any dealings with Russia so the country’s economy is disrupted.

Several western sanctions have also been imposed causing companies to suspend business in Russia. Apple, Dell, and Microsoft are just a few names among the slew of companies that are no longer selling their products to Russia or doing any business with Russian clients.

The tech exodus has forced Russia to source its technology software needs domestically. This is new for the country as it has previously depended on western tech companies for their owned and operated IT systems, with servers from I-B-M, Dell, and Hewlett topping the Russian market.